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Story by: Abiodun Folarin    Nigerian National Petroleum Company Limited (NNPC Ltd.) has reacted to report that it  is indebted to international oil traders to the tune of $6.8 billion and that it has not remitted revenues to the Federation Account since January, among other allegations, saying they were not…

Access Holdings Plc, has announced an extension of the acceptance period for its ongoing Rights Issue. Initially set to close on August 14, 2024, the period has now been extended to August 23, 2024, following the approval of the Securities & Exchange Commission (SEC). The statement, signed by the Group’s…

The Central Bank of Nigeria (CBN) has reintroduced the publication of several key economic reports, reaffirming its commitment to fostering transparency and accountability in the Nigerian economy. A statement by Hakama Sidi Ali (Mrs.), Ag. Director, Corporate Communications listed the  reports to include the Purchasing Managers’ Index (PMI), Business Expectation…

Hydrogen Payment Services Company Limited (Hydrogen), a leading payment services company, is excited to announce the commencement of its “Healthy Heart, Healthy Business” initiative, beginning on 30th July 2024. This significant initiative highlights Hydrogen’s commitment to promoting heart health awareness among business owners and professionals, focusing on the importance of…

Ademola Lookman admitted that Atalanta are delighted to play Real Madrid in the UEFA Super Cup, PNO Sports reports. The Nigeria international also claimed La Dea want to prove they deserve to be facing Carlo Ancelotti’s men after winning the Europa League. Wednesday’s encounter will hold at National Stadium, Warsaw…

The Federal Government has called for a stronger collaboration and practical action from world leaders to achieve access to clean and sustainable water and improve sanitation services for citizens particularly in developing countries. Minister of Water Resources and Sanitation Engr Professor Joseph Terlumun Utsev made the call at the ongoing…

The Federal Government of Nigeria  has revoked the contract of the company handling the construction work for its smart school infrastructure in Kebbi State and re-awarded it to another contractor. The Minister of State for Education, Dr Yusuf Sununu, disclosed this during an inspection visit to the Universal Basic Education…

Nigeria has witnessed a steady increase in active voice and internet subscriptions, including a drop in teledensity as contained in the latest telecommunications statistical indicators released by the Nigerian Communications Commission (NCC), which have been adjusted to reflect the latest population growth figures and align with international best practices. The…

The Group Chief Executive Officer of NNPC Limited, Mr. Mele Kyari has said the company has not breached any of the enabling laws guiding its dealings with partners, hence should be counted out of any claims of economic sabotage. Kyari, who was addressing the Senate Ad-Hoc Committee investigating alleged economic…

By Abiodun Folarin The Senate has raised concern over 1.5 billion dollars approved in 2021 for the turn-around maintenance of the Port Harcourt Refinery with little or no result. Sen. Opeyemi Bamidele, Chairman, Senate Ad Hoc Committee to Investigate the Alleged Economic Sabotage in the Nigerian Petroleum Industry, raised the…